{"id":646337,"date":"2017-06-12T03:42:07","date_gmt":"2017-06-12T03:42:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/"},"modified":"2017-06-12T03:42:07","modified_gmt":"2017-06-12T03:42:07","slug":"is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/","title":{"rendered":"Is Herbalife really a pyramid scheme worth a USD 1 bn short?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Is Herbalife really a pyramid scheme worth a USD 1 bn short?<\/strong> That\u2019s the position hedge fund manager Bill Ackman has taken \u2014 and the subject of the riveting documentary <a href=\"https:\/\/www.youtube.com\/watch?v=z-jrALajXrI\">Betting on Zero<\/a>. On a tip from a Bloomberg reporter, Ackman\u2019s Pershing Square Capital dug deep into the business model of multi-level direct marketing company Herbalife. He was sure that the company, whose revenues reached USD 3.8 bn in 2014, was nothing more than a pyramid scheme. The film details his fight to bring the company to the attention of regulators, his attempts to dodge accusations of market manipulation, and <strong>a battle with arch rival Carl Icahn, who attempts to squeeze Ackman\u2019s short<\/strong>.<\/p>\n<p>The company\u2019s revenues derive mostly from distributors signing on and finding more distributors to buy Herbalife products in the hope of roping more distributors under them. The film explores Herbalife\u2019s shady marketing practices which target poor immigrant communities, unable to report the scam. It also looks into attempts to file class action lawsuits by some of the victims who have been burned in the operation designed to only see a small portion of distributors making money.<\/p>\n<p>You can <strong>catch the <\/strong><a href=\"https:\/\/www.netflix.com\/watch\/80108609?trackId=13752289&tctx=0%2C0%2C7966f9a9ba9dedc56dad46949a43f53c8adb9fcc%3A421106ba237a42698d3ba6346aea65706abcf450\"><strong>documentary on Netflix<\/strong><\/a> or <a href=\"https:\/\/www.youtube.com\/watch?v=z-jrALajXrI\">watch the trailer<\/a> (runtime: 2:02).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is Herbalife really a pyramid scheme worth a USD 1 bn short? That\u2019s the position hedge fund manager Bill Ackman has taken \u2014 and the subject of the riveting documentary Betting on Zero. On a tip from a Bloomberg reporter, Ackman\u2019s Pershing Square Capital dug deep into the business model of multi-level direct marketing company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":646338,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[72,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"6d650e06-3b1c-46cc-9bc0-b06249e0d93e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/6\/68.jpg","photo_position":"above","related_issue":[646310],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is Herbalife really a pyramid scheme worth a USD 1 bn short? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Herbalife really a pyramid scheme worth a USD 1 bn short?\" \/>\n<meta property=\"og:description\" content=\"Is Herbalife really a pyramid scheme worth a USD 1 bn short? That\u2019s the position hedge fund manager Bill Ackman has taken \u2014 and the subject of the riveting documentary Betting on Zero. On a tip from a Bloomberg reporter, Ackman\u2019s Pershing Square Capital dug deep into the business model of multi-level direct marketing company [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-12T03:42:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is Herbalife really a pyramid scheme worth a USD 1 bn short?\",\"datePublished\":\"2017-06-12T03:42:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\"},\"wordCount\":213,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"worth watching\"],\"articleSection\":[\"Worth watching\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\",\"name\":\"Is Herbalife really a pyramid scheme worth a USD 1 bn short? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2017-06-12T03:42:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Herbalife really a pyramid scheme worth a USD 1 bn short?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Is Herbalife really a pyramid scheme worth a USD 1 bn short? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/","og_locale":"en_US","og_type":"article","og_title":"Is Herbalife really a pyramid scheme worth a USD 1 bn short?","og_description":"Is Herbalife really a pyramid scheme worth a USD 1 bn short? That\u2019s the position hedge fund manager Bill Ackman has taken \u2014 and the subject of the riveting documentary Betting on Zero. On a tip from a Bloomberg reporter, Ackman\u2019s Pershing Square Capital dug deep into the business model of multi-level direct marketing company [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-06-12T03:42:07+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Is Herbalife really a pyramid scheme worth a USD 1 bn short?","datePublished":"2017-06-12T03:42:07+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/"},"wordCount":213,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","worth watching"],"articleSection":["Worth watching"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/","name":"Is Herbalife really a pyramid scheme worth a USD 1 bn short? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1","datePublished":"2017-06-12T03:42:07+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/is-herbalife-really-a-pyramid-scheme-worth-a-usd-1-bn-short\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Is Herbalife really a pyramid scheme worth a USD 1 bn short?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/68.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":550163,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/expat-car-import-scheme-could-raise-egp-50-bn-worth-of-fx-maait\/","url_meta":{"origin":646337,"position":0},"title":"Expat car import scheme could raise EGP 50 bn worth of FX -Maait","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"A scheme to allow expat Egyptians to import cars into Egypt and draw back customs and other fees at a later date could raise USD 2.5 bn in FX: Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546569,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/tourism-revenues-to-more-than-double-in-2021-2022-maait\/","url_meta":{"origin":646337,"position":1},"title":"Tourism revenues to more than double in 2021-2022 -Maait","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"FinMin expects minimal damage to tourism revenues from Ukraine war: Egypt\u2019s tourism revenues will more than double in FY 2021-2022 from a year earlier, according to figures announced by Finance Minister Mohamed Maait last week. The Finance Ministry is projecting revenues to reach USD 10-12 bn in the current fiscal\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587916,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/orascom-construction-revenues-slip-in-1q-2023\/","url_meta":{"origin":646337,"position":2},"title":"Orascom Construction revenues slip in 1Q 2023","author":"enterpriseam admin","date":"4 June 2023","format":false,"excerpt":"Backlog dips to USD 5.5 bn","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/67.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544849,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/orascom-construction-net-income-up-29-in-2021\/","url_meta":{"origin":646337,"position":3},"title":"Orascom Construction net income up 29% in 2021","author":"enterpriseam admin","date":"23 March 2022","format":false,"excerpt":"Orascom Construction (OC) reported USD 113.4 mn in net income attributable to shareholders in 2021, up 29% y-o-y, according to its financials (pdf). Revenues rose 5% from 2020 to USD 3.5 bn. In 4Q, the company reported a 43% increase in net income attributable to shareholders to USD 37.1 mn,\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637591,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/20\/worlds-largest-pyramid-in-mexico-not-egypt\/","url_meta":{"origin":646337,"position":4},"title":"World\u2019s largest pyramid in Mexico not Egypt","author":"enterpriseam admin","date":"20 November 2017","format":false,"excerpt":"The world\u2019s largest pyramid resides in Puebla Mexico and not Egypt, Business Insider reports. The 2,300 year old structure was constructed out of clay and resembles a hill because the mud has allowed flora to grow all over it. Missed by history for thousands of years, it was rediscovered in\u2026","rel":"","context":"In &quot;Worth watching&quot;","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/11\/1240.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592794,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/egypt-could-postpone-usd-6-bn-worth-of-coal-power-projects\/","url_meta":{"origin":646337,"position":5},"title":"Egypt could postpone USD 6 bn-worth of coal power projects","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"The Electricity Ministry is looking at potentially postponing all coal-fired power projects or offering investors the option to switch to a renewable energy project, Egyptian Electricity Holding Company (EEHC) head Gaber El Desouky told Al Mal. According to El Desouky, the pending coal projects are worth a combined USD 6\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=646337"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646337\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/646338"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646337"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646337"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}